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AVITA Medical faces securities fraud probe after stock drops 21% on payment backlog issues.

Market News
13 Apr 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

The Portnoy Law Firm has launched an investigation into AVITA Medical, Inc. for possible securities fraud following a sharp 21% drop in its stock price. The decline occurred after the company revealed a six-month backlog of unpaid provider claims for its Recell product, which severely impacted demand. The backlog was caused by delayed or inadequate pricing decisions from Medicare contractors, leading to uncertainty and reduced product use by medical providers. Investors may join a class action to recover losses as the investigation proceeds.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Solana rises 30% since June, boosted by SBI partnership and bullish technical signals.

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Kenmare Resources expects stronger production in H2 2026 after weak H1 results.

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Ramsdens shares jump 13.6% after FirstCash raises takeover bid to £232m

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Ramsdens Holdings PLC shares rose 13.6% to 670p following an improved takeover offer from US pawnbroking group FirstCash. FirstCash increased its cash bid to 675p per share from 600p, raising the total offer value to up to £232 million, including div...

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